Monroe Capital (MRCC) Set to Announce Earnings on Wednesday

Monroe Capital (NASDAQ:MRCC) is set to post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Monroe Capital to post earnings of $0.26 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Monroe Capital (NASDAQ:MRCC) last issued its earnings results on Monday, March 11th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.02). The business had revenue of $15.50 million during the quarter, compared to the consensus estimate of $16.37 million. Monroe Capital had a net margin of 0.58% and a return on equity of 11.24%. On average, analysts expect Monroe Capital to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Monroe Capital Stock Down 0.4 %

MRCC opened at $7.24 on Monday. The firm has a 50 day simple moving average of $7.22 and a 200 day simple moving average of $7.17. Monroe Capital has a fifty-two week low of $6.69 and a fifty-two week high of $8.85. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.83.

Monroe Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 13.81%. The ex-dividend date of this dividend was Thursday, March 14th. Monroe Capital’s payout ratio is 5,002.50%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MRCC shares. LADENBURG THALM/SH SH decreased their price objective on Monroe Capital from $9.50 to $9.00 and set a “buy” rating for the company in a research note on Wednesday, March 13th. StockNews.com upgraded Monroe Capital from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th.

About Monroe Capital

Monroe Capital Corporation is a business development company specializing in customized financing solutions in senior, unitranche and junior secured debt, subordinated debt financing and to a lesser extent, unsecured debt and equity, including equity co-investments in preferred and common stock and warrants.